It allows me to test the waters and see If I want to continue. 

On-site evaluations allow you to examine the property's condition, identify potential difficulties, and precisely estimate renovation costs.

This way they can refinance when it works for them and potentially allows the ability to wait on lower interest rates.

DM me if you want Eric and Sally’s info - they are still busy selling real estate in Venice!

@Nicholas Olson- thanks  1)  fyi - there are conventional loan programs that allow you to put 5% down on a 4 unit if you plan to live in it - consider this as you can avoid the  fha upfront mtg ins premium and also  avoid the permanent FHA monthly mtg ins   2) avoid  renting the unit you state you will be residing in as this sounds like a problem waiting to occur 

From my understanding, BiggerPockets doesn't allow these types of posts.

At the moment, my business partner and I are working on a 300 unit MF development with a $68 million total capitalization here in North Texas.

A warning to anyone that is going to allow them to rent and give credit. 2.

But also, they're "need to sell" versus want to sell, so you're not dealing with affects of the current market interest rates convo etc, also many not paying their mortgage don't keep up their house, so this leads allows me to look at flips vs listings.

It allows you to assign backup cleaners to your property just in case your primary cleaner can't make it.